Transactions and T Accounts Chart of Accounts Journal TAccounts Final Question Instructions The following selected transactions were completed during March of the current year March 1 4 Billed customers for fees earned, 574,050 Purchased supplies on account. $1,970 Received cash from customers on account, $65.290. Paid creditors on account 5800 8 11 Required: A Journalize these transactions in a two-column oumal Refer to the hat of accounts in the Taccounts for exact wording of account titles B. Post the entries prepared in (A) to the following accounts Cash Supplies Accounts Receivable, Accounts Payable, Fees Earned to the left of each amount posted in the accounts Select the appropriate date C. Assume that the unadjusted trial balance on March 31 shows a credit balance for Accounts Receivable Does this credit balance mean an error has occurred? Instructions Journal TAccounts Final Question Chart of Accounts CHART OF ACCOUNTS General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 42 Sales Commission 13 Land EXPENSES 14 Prepaid Rent 15 Supplies 16 Equipment 17 Automobiles 51 Advertising Expense 52 Automobile Expense 53 Insurance Expense 54 Rent Expense 55 Wages Expense 56 Supplies Expense 57 Utilities Expense 58 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Unearned Rent 23 Notes Payable 24 Salaries Payable C Chart of Accounts 12 Accounts Receivable 142 Sales Commission 13 Land EXPENSES 14 Prepaid Rent 15 Supplies 16 Equipment 17 Automobiles 51 Advertising Expense 52 Automobile Expense 53 Insurance Expense 54 Rent Expense 55 Wages Expense 56 Supplies Expense 57 Utilities Expense 58 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Unearned Rent 23 Notes Payable 24 Salaries Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends Check My Work Instructions Chart of Accounts Journal TAccounts Final Question Journal Aluralize the transactions in a two-column surnal Refer to the list of accounts in the accounts for exact wording of accountles. TWGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST REF DET CREDIT ASSETS LADIUM COUTY Transactions and Accounts Instructions Chart of Accounts Journal TAccounts Final Question TAccounts B. Post the entries prepared in (A) to the following accounts. Cash, Supplies, Accounts festivable, Accounts Payable, Fees Earned to the inter each amount poated in the accounts, select the appropriate date Cash Accounts Receivable Supplies Accounts Payable Fees Earned